Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Chemical Distributor IMCD Changes Private Equity Hands
6:44 PM MST | December 16, 2010 | â€”NANCY SEEWALD
Private equity firm Bain Capital (Boston) says it has agreed to acquire chemical distributor IMCD Group (Rotterdam) from AAC Capital Partners (Amsterdam). The purchase price is reportedly â‚¬650 million ($862 million), according to Dutch newspaper Het Financieel Dagblad. The deal is subject to regulatory approval. Consulting firm DistriConsult (WÃ¤denswil, Switzerland) says the reported value represents a multiple of 9.3 times Ebitda, which is in line with recently paid prices, but above historical valuations. â€œIt appears to factor in a significant potential of...
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